Indobell Insulations Limited , a company specializing in insulation solutions, has announced a significant development in its international business operations. The company has secured an export order worth USD 57,000 for direct labour services from GE Electric, based in Warsaw, Poland.

Key Details of the Export Order

Significance of the Order

This export order marks an important step for Indobell Insulations Limited in expanding its international footprint. By securing a contract with GE Electric, a well-known global entity, the company demonstrates its capability to compete in the international market for specialized insulation services.

Execution and Timeline

The company is set to execute this order by January 2026, providing a substantial timeframe for the delivery of direct labour services. This extended period suggests that the project might involve complex or long-term insulation work, although specific details of the services have not been disclosed.

Corporate Governance

It's worth noting that Indobell Insulations Limited has confirmed that this order does not fall under related party transactions, and there is no involvement of the promoter or promoter group in the entity awarding the contract. This transparency aligns with good corporate governance practices and regulatory compliance.

Conclusion

This new export order represents a positive development for Indobell Insulations Limited, potentially opening doors for further international business opportunities. As the company moves forward with this project, stakeholders will likely be keen to see how it impacts the company's financial performance and international market presence in the coming years.

Indobell Insulations Limited , a company specializing in insulation works, has announced a significant business development. The company has secured a contract worth Rs 2.56 crore for supply and application of insulation works at the HPCL Visakh Refinery in Vishakhapatnam.

Contract Details

The contract, awarded by a domestic entity, involves bridge and roof job work for the HPCL Visakh Refinery. Here are the key details of the order:

Project Significance

This order is significant for Indobell Insulations as it demonstrates the company's capability to secure contracts from major players in the oil and gas sector. The HPCL Visakh Refinery is a key asset in India's refining infrastructure, and this contract could potentially lead to more opportunities in the future.

Corporate Governance

In line with regulatory requirements, Indobell Insulations has made the following disclosures:

1. The company has confirmed that its promoters have no interest in the entity awarding the contract.
2. The transaction does not fall under related party transactions, ensuring transparency in the deal.

These disclosures align with the company's commitment to good corporate governance practices and compliance with SEBI regulations.

Conclusion

This new contract represents a positive development for Indobell Insulations Limited, potentially contributing to its revenue and showcasing its expertise in industrial insulation works. The timely execution of this project within the specified 5-month period will be crucial for the company's reputation and future growth prospects in the industrial services sector.